It is IMPOSSIBLE to make money in the markets

one man's treasure is another man's trash...you are correct ...these forums are worthless....i have about 12 systems that are fantastic....emini stuff.......if i gave the code for each with in depth explanations of how to operate them, 1 of 100 might be able to make them work ......the forums that u claim are good are not good for all.....that simple....the ones who have something good won't sell or give it away.....not the real goodies....only the rhetoric junk in vague comments about find your niche and no overnight success and don't do this and that........all just worthless commentary boosting the poster's ego, and a basic waste of everyone's time.....including this post....and all ALL OTHERS......but it is for grins...i enjoy being the hero/goat for the moment until somone comes along and bursts my bubble....lol.....relieves the boredom until football practice starts again on Monday......high school.....hometown......but sometimes a comment such as buy low sell high......don't watch too much information.....mind bias is bad.........don't anticipate.......no one knows what the next bar brings, only high probability is possible........emini daytrading is the most control/lowest risk u will ever have trading emini's...but the very best advice i have is don't do it......until you have arrived........and u r the only one in the world who will know when you have passed the final test.....the final trading test we take is the one that says........I CAN DO IT...... thank you GOD, i can do it....
 
****OK OK.. edit

I don't want this thread to turn into personal attacks. Thus, I choose to delete a post.

I want to prove to you folks eventually that the Markets are too Efficient and that no one can consistently make money in the Markets. That best friend's cousin's nephew who you heard about making a killing in the market is an abberation.

Please give me some time before jumping into conclusions.
 
Quote from Ripley:

****OK OK.. edit

I don't want this thread to turn into personal attacks. Thus, I choose to delete a post.

I want to prove to you folks eventually that the Markets are too Efficient and that no one can consistently make money in the Markets. That best friend's cousin's nephew who you heard about making a killing in the market is an abberation.

Please give me some time before jumping into conclusions.
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LOL ... Believe it or NOT ... its spelt aberration. Unless you have invented a new word, abberation, which refers from now on to people who had the intelligence to build a good trading system and plan and the dumbness to trade it well. Such a person is henceforth known as an abberation.

Oh god .. I just fell into the ultimate flaming low .. pointing out bad spelling. :p
 
Quote from nitro:

You are almost correct when it comes to futures. I guarantee you that it is not true for equities.

As to futures, while the edges are far more complex to find, I assure you that it is not luck that makes one futures trader profitable and another not.

Sadly, I realize that this post and every single post on this thread is meaningless because you only understand when you understand, and not before. Understanding is not incremental [as far as the higher cortex is concerned], it just all of a sudden happens one day and then the cloud lifts [study the way the brain forms an image of a dog, from the time the light strikes the retina to the time the entire mind forms the image - it is similar to the steps required to forming a profitable trading strategy. Be able to give an exact description of what happens.]

The first "trade" that you have to make when you come on ET is to know how to filter the crap out. You have not done that yet, and may never. I have looked at every single post in this thread as an experiment to see if I would have found anything of importance when I was not a profitable futures trader. I found none except Dustins posts, which are worth their weight in gold. Then I went back and reread the thread to see if any posts are helpful as a profitable futures trader, and I found very few. Here they are:







And finally, in an ironic twist, the most important post in the whole thread:



But you don't know what that means on a personal level because those posts are meaningless until they are not. Instead of a mathematical level, give another definition for the word probability on a personal level. What is it that probability means psychologically? What does it instill in you? That will tie the mathematical with the personal. It is critical because it is when you know that trading becomes like getting a paycheck at a job.

So, in summary, my post is worthless too. It's only worth is that it points out the two or three posts that were actually helpful in this thread. You see, ET is a kind of training ground for trading. You see a lot of mumbo jumbo that is mostly noise trading with zero edge. That is 98% of the posts on ET or on this thread. Then poof, a posts or a trade comes by that contains information content, or in trading parlance, the market is giving up edge.

When you first came on ET, I almost immediately put you on ignore because you were part of the noise. I just took you off ignore because you are on the line now between being a waste of time, and not.

nitro
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Excellent post!!

If you're someone reading this thread who wants to become a successful trader then read nitro's post on the previous page and follow up on his referrences. It makes the whole silly thread worthwhile.

LOL .. and congratulations Ripley on taking my last post with an appropriate sense of humour ... you could succeed in this game you know.
 
Quote from kiwi_trader:

LOL ... Believe it or NOT ... its spelt aberration. Unless you have invented a new word, abberation, which refers from now on to people who had the intelligence to build a good trading system and plan and the dumbness to trade it well. Such a person is henceforth known as an abberation.

Oh god .. I just fell into the ultimate flaming low .. pointing out bad spelling. :p
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yeah.. that was a typo. I was just going with flow of my thoughts. I could've never spelled it right without looking it up anyway.. so, its all good.
 
I have a love/hate relationship with this thread. It just seems to me that there are far too many people here at ET that are ready to piss in someones cereal at the first opportunity. Everyone is so eager to tell us small guys to give it up. Why? What do you care? You trying to save me from myself? Go save someone asking to be saved. Anyone posting here isn't looking for salvation, they're looking for insperation, and there's damn little of it written here.
So what am I to do until success comes, if ever? Give up the dream and buy into the work-a-day life with the rest of the lemmings? I'd rather be dead! You may take my money in the market, but you can't take my hopes and dreams. Seems most of you big winners would have told a young Tiger Woods....give it up kid, you're black, best you'll ever be is a caddy.
At the end of the day you big guns may call me a loser cause you took some of my money and I'll keep coming back at ya tomorrow. Is that a loser? Maybe! I'll tell ya' how I define a loser. Someone who claims to make the big bucks and has nothing better to do with their time than troll through a message board looking to take pot shots at the little guy. Now THAT is a fucking loser in my book.
 
show me a trader in any product, without informational advantage, who has made consistent, worthwhile profits for 5 years without severe drawdowns.


i'll venture to say, they don't exist.


surf
 
Quote from nitro:



As to futures, while the edges are far more complex to find, I assure you that it is not luck that makes one futures trader profitable and another not.



nitro
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that is a bold statement, nitro.

what evidence can you point to that confirms it?

can it be tested?

surf
 
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